Business & Jobs Desk

Alternative investment firm to roll out phased land fund this year; also preparing small and medium REIT platform to tap real estate opportunities. Mumbai: Nisus Finance is planning to establish a ₹2,000-crore land fund this year, alongside launching a ₹2,000-crore Small and Medium Real Estate Investment Trust (SM REIT) platform, a senior company executive has said. ₹2,000-Crore Land Fund in Phases According to the company, the proposed land fund will be rolled out in two pha

Burman family-backed REL to split financial services and insurance businesses into two separately listed entities for sharper strategic focus. New Delhi :Religare Enterprises Limited (REL) has approved a major restructuring plan to demerge its financial services and insurance businesses into two separately listed entities. The move, backed by the Burman family, is aimed at unlocking shareholder value and enhancing operational efficiency. The company’s board cleared the propos

San Francisco: Despite facing criticism over the generation of sexualised images, Elon Musk’s AI chatbot Grok has recorded a sharp rise in its U.S. market share, according to new data from research firm Apptopia. Grok, developed by Musk’s AI company xAI and integrated with the social media platform X, saw its U.S. market share increase to 17.8% last month, up from 14% in December and just 1.9% in January 2025, Apptopia data shows. Growth Despite Controversy The surge in user

Ahmedabad: A tea seller was allegedly shot at in Ahmedabad a few days after he had an argument with a group of men, police said on Saturday. The victim, identified as Muddassar Ahmedkhan Mansoor Ahmedkhan Pathan, sustained a gunshot injury to his right foot. According to officials, the incident took place in the Vejalpur area late in the evening when unidentified assailants approached Pathan and opened fire. The bullet struck his right foot, causing him to collapse on the sp

The Oberoi Group has announced the opening of its first luxury private residence, Naila Fort – An Oberoi Luxury Residence, marking the group’s foray into the exclusive private heritage residence segment. The property will begin welcoming guests from February 15, 2026. Located in Jaipur, Naila Fort is a meticulously restored heritage property that blends Rajasthan’s regal architectural legacy with Oberoi’s signature luxury and personalised hospitality. With this launch, the gr

Wyndham Hotels & Resorts has announced the launch of its upscale lifestyle brand, Dolce Hotels & Resorts, in the Indian market through a strategic partnership with Fine Acers Group. As part of the collaboration, two premium properties — Dolce by Wyndham Goa and Dolce by Wyndham Udaipur — will be developed, marking the official debut of the Dolce brand in India. The move is aimed at strengthening Wyndham’s footprint in the country’s fast-growing hospitality sector, particularl

New Delhi: The Enforcement Directorate (ED) has issued fresh summons to industrialist Anil Ambani and his wife in connection with an ongoing investigation into an alleged money trail linked to the purchase of a luxury condominium in Manhattan. According to sources familiar with the matter, the summons were issued as part of the agency’s probe into suspected violations under foreign exchange and anti-money laundering laws. It is understood that Ambani’s wife has been called in

Mumbai:  Precious metals are witnessing strong momentum on the commodities exchange, with gold and silver futures on the Multi Commodity Exchange of India (MCX) surging nearly 3%. However, investors holding Silver Exchange Traded Funds (ETFs) are facing an unexpected setback, with some ETFs trading lower by as much as 6%, creating confusion in the market. MCX Prices Shine Gold and silver futures on MCX rallied sharply amid firm global cues, a weaker dollar trend, and increase

New Delhi:  Indian stock markets witnessed a sharp downturn on Friday, with benchmark indices tumbling as widespread selling gripped Dalal Street amid weak investor sentiment. The BSE Sensex dropped approximately 850 points , while the NSE Nifty50 slipped below the 25,550 level , reflecting heightened risk aversion and volatility in the market. Key Market Movements Sensex:  Saw a steep decline with most of the 30 constituent stocks trading in the red. Heavyweights across sect

New Delhi — Brazilian President Luiz Inácio Lula da Silva has arrived in India accompanied by a 260-member business delegation, marking the largest-ever Brazilian commercial mission to the country. The visit underscores deepening strategic ties between the two major emerging economies amid a complex and shifting global geopolitical landscape. The high-level delegation includes representatives from sectors such as energy, agriculture, aviation, pharmaceuticals, mining, infrast

Ahmedabad: Even as the Amdavad Municipal Corporation (AMC) prepares to table its massive annual budget of nearly ₹17,000 crore, uncomfortable questions are being raised over fiscal discipline and accountability within the civic body. The latest controversy revolves around 21 electric cars procured on a rental basis—vehicles that have remained largely unused while draining public funds. According to official records, AMC paid approximately ₹2.64 crore as rent over a five-year

A 36-year-old businessman was allegedly beaten to death by three food delivery agents following a heated argument in central Delhi’s Connaught Place, police said. The victim, identified as Shivam Gupta, succumbed to his injuries on January 19 after battling for his life in hospital for more than two weeks. The incident took place on the night of January 3, when Gupta had gone to attend a party in the Connaught Place area, one of the capital’s busiest commercial and shopping h

India’s Labour Codes, which came into force in November 2025, mark the most sweeping overhaul of the country’s labour laws since Independence and are set to significantly shape the future of work for India’s vast youth population. By consolidating 29 central labour laws into four comprehensive Codes, the reforms aim to simplify compliance for employers, promote formalisation of employment, and extend social security coverage to millions of workers. The four Labour Codes — the

Dubai / Jharkhand :Fourteen migrant workers  from Giridih, Hazaribagh, and Bokaro  districts of Jharkhand have appealed to the State Government  to ensure their safe return from Dubai, where they are reportedly facing difficulties due to unpaid wages . The workers released a video on February 2 , detailing their plight and urging the government to intervene. They said they have been stranded abroad , struggling to meet basic necessities while their employers have delayed or w

New Delhi: India’s government on Sunday delivered a significant policy win to Apple , announcing that foreign companies will be allowed to provide manufacturing equipment to their contract manufacturers without facing tax risks for a period of five years . The move is expected to strengthen India’s position as a global electronics manufacturing hub and further accelerate Apple’s production expansion in the country. Under the revised framework, overseas firms can supply machin

Mumbai: Indian equity benchmarks ended sharply lower on Tuesday after a highly volatile trading session, with heavy selling pressure dragging key indices deep into the red. The BSE Sensex plunged 1,547 points , while the NSE Nifty50 slipped below the crucial 24,850 mark , reflecting heightened nervousness among investors. Adding to the unease, the India VIX , a key measure of market volatility, spiked nearly 14% , signalling growing fear on Dalal Street. The session witnessed

New Delhi: Maruti Suzuki India Limited (MSI) on Monday reported a 12 per cent year-on-year (Y-o-Y) increase  in its total sales  at 236,963 units  in January , reflecting steady demand across select segments despite mixed performance in domestic passenger vehicle sales. The country’s largest carmaker had dispatched 212,251 units  in the corresponding month last year, the company said in a statement. According to MSI, total domestic passenger vehicle dispatches  to dealers sto

“Stock Market Special Trading Session Ahead of Finance Minister’s Budget Announcement” Mumbai/Kolkata, January 30, 2026: In an unusual move, India’s top stock exchanges — National Stock Exchange (NSE)  and Bombay Stock Exchange (BSE)  — will remain open on Sunday, February 1, 2026 , to accommodate a special trading session coinciding with the Union Budget 2026-27 (FY27)  announcement by Finance Minister Nirmala Sitharaman. This is being done to allow traders, investors, and m